Sterling Tools has informed that as the Government of India announced Lockdown in India to contain the spread of Covid-19 disease, the manufacturing and other activities were closed from March 22nd, 2020. While the lockdowns and restrictions imposed on various activities were necessary to contain the spread, it has significantly impacted the business operations of the Company. Consequently, revenues and profitability have been adversely affected. But there have been no change in the controls and processes. It has received special permissions to operate its Vemagal, Kolar, Plant at Karnataka with effect from May, 11th 2020 and the other three plants at DLF Industrial Area, Prithla, Palwal and Ballabgarh Plants at Haryana have been opened with effect from 18th May, 2020 but with reduced workforce and in strict compliance with the guidelines/ protocols suggested by Ministry of Health and the other relevant authorities. The registered office at New Delhi has not been opened yet.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| Sundram Fasteners | 828.90 |
| Sterling Tools | 242.80 |
| Lakshmi Prec. Screws | 5.50 |
| Simmonds Marshall | 163.20 |
| Agarwal Bolts | |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: